Strips

criticised, realised?????

That's some productive BDSM stuff they got there on Elbonia!

4474. [Mr. KEYNES] If they are paid through another business then that business will pay the amount as part of its cost of production to individuals? Is that it? --

[Major DOUGLAS] Yes, I quite understand the difficulty. The real weight to be attached to this undoubted statement of fact -- as it stands it is simply a statement of obvious fact -- is whether the transfers from one firm to another are financed by either trade credit or from the firm's own credit, let us say its working capital, or by a bank's credit. The exact weight which that has in the whole of the statement depends to a very large extent on that. If the B payments are really financed from working capital then that working capital must, I think, inevitably have been obtained by the process of investment which is criticised under (b) in the same pricis. That is to say, the whole of the savings which have formed the working capital of that concern must previously have appeared in the cost of production.

4475. [Mr. KEYNES] That would be true, but I thought the emphasis here was on the phrase "other organisations," and what you are saying has no bearing on that. --

[Major DOUGLAS] I am sorry! I missed that.